Ep #218: Delegate to Elevate your Multifamily Syndicate -- with Dan Hanford

Real Estate Investing for Cash Flow with Kevin Bupp

Kevin Bupp

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4.9 • 675 Ratings

🗓️ 26 February 2019

⏱️ 52 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this episode of Real Estate for Investing Cash Flow Podcast, Kevin Bupp invites Dan Hanford: real estate investment expert and principal at Hanford Capital, a multifamily real estate investing and syndication firm.

He is also the founder the Multifamily Investor Nation which has more than 34 groups and more than 2,000 members all over the world. In addition to that, Dan is also the president and founder of five specialty medical clinics in South Carolina.

Dan shares his entry point in the multifamily syndication space, how he manages his time juggling real estate and a successful medical practice, delegating work to his all-star team, and so much more--all at the young age of 36 years old.

Quotes:

"I think that one of the things I learned earlier on is that art of delegation."

"I'm a big believer that if you can't measure something then it's very hard to manage it."

"I look at syndication, the syndication space, and go, 'If you have a background in business and you can actually manage large budgets, then it's a pretty easy transition.'"

"I practice two things: I make sure I have a hard day's work and a clear conscience."

"I cannot control what happens to the market in the next few years, but I can tell you this: if something does happen in the market, I would rather my money be in multifamily or some form of real estate before I would want it in the stock market or mutual funds or bonds or things like that."

Highlights:

[08:38] How Dan let go of day-to-day management of his chiropractor practice

[10:19] Dan's strategic steps to ensure a solid entry to the multifamily real estate space

[20:20] Biggest challenges starting out and creating ancillary income streams

[37:34] Short to medium term predictions and anxieties about the business

[47:15] Advice Dan would give himself when he was starting out

Job Opportunities with my Team: Click Here

Recommended Resources:

Check out our company and our partnership opportunities by visiting SunriseCapitalInvestors.com
Would you like to partner with us on future MHP deals, call 844-CASH-FLW to learn more or click here to schedule a time on our calendar.
Grab a free copy of our book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid them click here
Xactimate
Yardi Matrix
WeAreApartments.org
Hanford Capital's Website

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Transcript

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0:00.0	You've been searching for the best way to generate passive income in your life and heard that real estate is a great way to do it.
0:09.5	But you're tired of all the so-called gurus who are all talk and no substance.
0:15.3	Get ready to celebrate because Kevin Buck has spent 14 years successfully making it happen.
0:21.8	This is the Real Estate Investing for Cash Flow podcast.
0:25.3	Now, here's Kevin Bup.
0:33.0	Hey guys, Kevin Bup here, and I want to welcome me to another episode of the Real Estate
0:36.9	Investing for Cashflow podcast.
0:38.9	We're mission to help you build and maintain massive amounts of cash flow through
0:42.8	income producing real estate investments.
0:45.3	Now, our guests for this week's show is Real Estate Investment Expert, Dan Hanford.
0:49.3	Dan is a principal at Hanford Capital, a multiffamily real estate investing and syndication firm.
0:54.8	Now, Dan is also the founder of the multifamily investor nation with 34 groups and more
0:59.4	than 2,000 members across the world.
1:02.2	Now, in addition to his real estate endeavors, Dan is also the president and founder of five
1:07.6	specialty medical clinics throughout South Carolina.
1:10.9	And so in today's show, we're going to have a candid conversation with Dan about
1:14.3	his entry point into the multifamily syndication space, how he manages his time while
1:20.2	running a very busy medical practice, and how he's built an all-star team and much, much more.
1:26.0	And so I'm very excited to get onto the show with Dan,
1:28.7	but before we do have a few housekeeping items,
1:30.9	I'd like to run through with you guys.
1:32.7	First and foremost, I've been mentioning now
	...

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